The average cost of single bitcoin mining is estimated to climb above $ 70,000 in the second quarter as miners navigate the increase in hasht and energy prices.
According For a report on Monday from Bitcoin Mining Research firm Theminmag, the average cost of production of bitcoins (BTC) Already increased from $ 52,000 in the last quarter of 2024 to $ 64,000 in Q1 2025. This is expected to exceed 9% in Q2.
“Direct production costs are expected to exceed $ 70,000 in the current quarter,” Theminermag said in its May/June industry update.
The rising price of bitcoin is giving the miners to breathe
The increase of $ 70,000 will be near by 9.4%, with potentially less efficient bitcoin miners to shrink their profit margin as pressure.
With bitcoin trading for $ 107,635, most miners still have a sufficient buffer – although the estimates of production costs do not include the depreciation value of factors in mining rigs and bitcoins that are earned from machines hired to customers with other things.
Keeping the cost of the fleet low is a top priority
With mining production costs when increased, public companies focus on keeping their operations as efficient as possible, especially when it comes to their fleet hashcost – Bitcoin costs the cost of mining power – the thermigarg noted.
In Q1, the Madhyika fleet with public miners was stable at approximately $ 34 per second (PH/s). According to the report, some firms, including Terravulf and Bitdier, saw an increase of more than 25%in production costs.
Terravulf said that the growth was mainly Rising energy cost, Which increased to $ 0.081 per kW-hour (KWH) in Q1, $ 0.041 per kwh reported in Q1 2024.
Mining shares divided into investors
During this time, Bitcoin mining stock Bitcoin is deviating firms as investors with revenue currents beyond mining, as the thememag said.
While Bitcoin rose by 1.35% between May 4 to May 13, Ireen (Ireen) increased by 21.4% on the same time, including core scientific (CORZ), bit Digital (BTBT), and cipher mining (CIFR) also posted the benefits of double-anxpels.
In contrast, Canaan (Can) and Bitfarms (BITf) are the worst artists, falling more than 21%each.
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“The spread between the top and the bottom-demonstration mining equity has become quite wide, focusing on the growing investor beyond bitcoin mining.”
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